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  • Reviews (1)
  • Comments (2)
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Three Line Strike Scanner with trend filter

5

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers.

In addition to finding bullish and bearish Three line strike formations this multi symbol and mutli time frame indicator can also scan for the following candlestick patterns (please see screenshots for explanation of the patterns):

  • Three white soldiers (reversal>continuation pattern)
  • Three black crows (reversal>continuation pattern)

The formations do not appear very often on higher time frames when the strict option in the indicator settings is enabled. But when they do, it is a very high-probability setup. According to Thomas Bulkowski (internationally known author and a leading expert on candlestick patterns), the Three line strike has the highest overall performance rank of any candlestick pattern. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

Features

  • Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
  • Can monitor every time frame, from M1 to MN, and sends you a real-time alert when a pattern is identified. All alert types are supported.
  • The indicator can also be used in single chart mode.
  • Can use RSI or Bollinger bands as a reversal trend filter in order to properly identify potential reversals.
  • Can use moving average as a major trend filter.
  • The indicator includes an interactive panel. When clicking on an item a new chart will be opened with the symbol and time frame in question.
  • The indicator can write the signals to a text file or to global variables which can be used by an Expert Advisor (EA) for auto trading. You can find more information about the content and location of the text file in the blog.

Input parameters

Please find the description and explanation of the input parameters here.

Important

Please note that due to the multifunctionality neither buy/sell advice nor lines and arrows will be drawn on the chart where the indicator is installed. Rectangle and arrow will be drawn on the chart which opens up when you click on a singal in the chart panel. It is highly advisable to put the indicator on a clean (empty) chart without any other indicators or Expert Advisors on it which could interfere with the scanner.



    Reviews 1
    SFTQ
    84
    SFTQ 2023.08.17 02:59 
     

    Great Indicator! If you know about Price Action you will make your Money back in the same day like i did ;-) !!! Only look for Signals 30 min and up !!! I would love to see how many pips price moved when Signal appears that would make the indicator even better. hope thats possible for the next update. BTW Jan has great support this is my 3rd Indicator i bought in his Shop!

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    Filter:
    SFTQ
    84
    SFTQ 2023.08.17 02:59 
     

    Great Indicator! If you know about Price Action you will make your Money back in the same day like i did ;-) !!! Only look for Signals 30 min and up !!! I would love to see how many pips price moved when Signal appears that would make the indicator even better. hope thats possible for the next update. BTW Jan has great support this is my 3rd Indicator i bought in his Shop!

    Reply to review
    Version 1.6 2024.02.16
    *** Please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

    Change log:
    - added the possibility to use a major trend moving average filter
    - new additional input for symbols
    Version 1.5 2023.08.18
    *** IMPORTANT - please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

    Change log:
    - added a text to the chart with the formation movment (in points)
    Version 1.4 2023.08.16
    *** IMPORTANT - please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

    Change log:
    - bug fix
    Version 1.3 2023.02.28
    *** Please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

    Change log:
    - added an option to write the signals as global variables instead of to a file
    - the formation will be drawn with a rectangle and an arrow showing trade direction on the chart which opens up when clicking on a signal in the panel
    - added a possibility to use the indicator in single chart mode (checking only the current chart symbol and time frame). It will then draw a rectangle and an arrrow at each pattern on the chart where the indicator is running. This option is in some ways limited though. More information in the product's blog.
    - added the possibility to set the colors in the panel
    Version 1.2 2020.09.18
    - added the possibility to write the signals in the panel to a file. Could for instance be used by an Expert Advisor for automatical trading. For instance this product: https://www.mql5.com/en/market/product/43820
    - added a Smiley in the upper right corner of the chart which is indicating that the indicator is up and running properly
    Version 1.1 2020.07.11
    - added an option to scan symbols visible in the Market Watch window instead of using the internal parameter
    - added the possibility to set a custom alert text for alerts (not in the panel). The custom text will be added to the end of the regular alert text
    - added the possibility to set a custom panel title
    - various code improvements